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Target Picks New CEO In Bid To Win Back Shoppers Amid Plunging Sales, Boycotts Target Picks New CEO In Bid To Win Back Shoppers Amid Plunging Sales, Boycotts
Target Picks New CEO In Bid To Win Back Shoppers Amid Plunging Sales, Boycotts Target has picked a longtime executive to take over as CEO amid plummeting sales and a slumping stock throughout 2025. Chief operating officer Michael Fiddelke will become Target's next CEO, the retail giant announced on Wednesday, Aug 20. Fiddelke, who has spent two decades at Target, will succeed current chief executive Brian Cornell on Sunday, Feb. 1, 2026. Cornell, 66, will become the executive chair of Target's board and help Fiddelke, 49, in the transition. "There is no one better suited to move Target forward than Michael Fiddelke," Cornell said in a statement. "He brings …

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by Chris Spiker
Business
Target Reportedly Ends Popular Price-Matching Perk Amid Slumping Sales Target Reportedly Ends Popular Price-Matching Perk Amid Slumping Sales
Target Reportedly Ends Popular Price-Matching Perk Amid Slumping Sales Target is ending its perk that matches competitors' prices as the retail giant struggles throughout 2025, according to reports. The price-matching program for deals on Amazon, Walmart, and other online retailers will end on Monday, July 28, Retail Dive reported. Target will only match its own prices up to 14 days after a purchase, either through cheaper prices online or if an item is discounted. A spokesperson said the decision comes after the chain found that shoppers "overwhelmingly price match Target and not other retailers." "We're always working to deliver consumers outstanding value …

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by Chris Spiker
Business
Target Sales Slump Amid Boycotts Over DEI Policy Changes, Trump's Tariffs Raising Some Prices Target Sales Slump Amid Boycotts Over DEI Policy Changes, Trump's Tariffs Raising Some Prices
Target Sales Slump Amid Boycotts Over DEI Policy Changes, Trump's Tariffs Raising Some Prices Target's sales have fallen through the start of 2025 amid President Donald Trump's sweeping tariffs, falling consumer confidence, and boycotts over the retailer's diversity program rollback. Target reported that net sales dropped 2.8% in the first quarter of 2025 compared to the prior year. Despite digital sales rising 4.7%, in-store sales plummeted 5.7%, causing total transactions to fall 2.4%. Chief financial officer Jim Lee said Target is expecting similar sales drops throughout 2025. "For the full year, we believe it's prudent to plan for a low single-digit decline in our sales, i…

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by Chris Spiker
Business
Target Faces 40-Day Boycott Over Diversity Rollbacks As Retailer's Sales, Stock Slump Target Faces 40-Day Boycott Over Diversity Rollbacks As Retailer's Sales, Stock Slump
Target Faces 40-Day Boycott Over Diversity Rollbacks As Retailer's Sales, Stock Slump Some Christians in the US are giving up something different for Lent: shopping at Target. A faith-based boycott of Target began on Wednesday, Mar. 5, which is also the first day of Lent. The "Target Fast" opposes the retail giant's rollback of diversity, equity, and inclusion (DEI) initiatives in the wake of President Donald Trump's return to office. Atlanta pastor Dr. Jamal Bryant organized the boycott, calling for Black consumers especially to wield their economic power. "Black people spend on average $12 million a day in Target, so with that large of a consumption pie, we need to be tre…

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by Chris Spiker
Business
Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say
Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say Shoppers at Best Buy and Target should prepare for higher prices as new tariffs on imports from Mexico, Canada, and China disrupt supply chains, according to the companies' CEOs. The heads of the retail giants sent out warnings about likely price hikes for everything from fresh produce to expensive electronics. On Tuesday, Mar. 4, President Donald Trump officially enacted 25 percent tariffs on goods from Mexico and Canada, along with raising tariffs on Chinese imports to 20 percent. Best Buy CEO Corie Barry said the chain heavily relies on China and Mexico as its top two…

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by Chris Spiker